CSR committee headed by Anil Baijal
Q. Who is the chairman of committee to suggest measures for monitoring the progress of implementation of Corporate Social Responsibility (CSR) policies by companies?- Published on 09 Dec 15a. Dr Arvind Subramanian
b. K.V.Thomas
c. Anil Baijal
d. C.Rangrajan
ANSWER: Anil Baijal
CSR norms : Came into effect from 1 April 2014.
- Entities having at least Rs.5 crore net profit or Rs.1,000 crore turnover or Rs.500 crore net worth would come under its ambit.
Recommendations:
1. Uniform tax treatment for all corporate social responsibility (CSR) activities carried out under the new Companies Act.
2. Leniency towards non-compliant firms in the first 2-3 years of this law.
3. Government cannot and should not maintain a data bank of CSR implementing agencies and that responsibility should be left to the concerned company’s board or CSR committee.
4. CSR norms should not be applicable to not-for-profit (Section 8) companies.
